WSJ: The Big Loser in Tesla’s Shareholder Vote Is Delaware
• $TSLA shareholders approved Elon Musk’s plan to reincorporate in Texas.
• Delaware stands to lose Tesla as a corporate entity due to this vote.
• Texas offers incentives like lower taxes and specialized business courts to attract companies.
• About two-thirds of S&P 500 companies are incorporated in Delaware for its legal advantages.
• Texas plans to establish a new business court system to compete with Delaware's.
• Tesla expects to save $250,000 annually by moving its incorporation to Texas.
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